Lucid Motors just delayed its affordable EV. Now what?
The Cosmos EV is now slated for release in the second half of 2027. CEO Silvio Napoli said he’s focused on getting the EV right, as well as its nearer-term robotaxi project with Uber and Nuro.
Lucid Motors
Lucid’s turnaround plan hinges on $1.4B in cash savings, robotaxis
Lucid’s new CEO Silvio Napoli listed four must-win priorities, including the successful launch of its midsize EV, finishing a factory in Saudi Arabia, cutting expenses, and robotaxis.
Saudi prince buys 5% stake in Lucid Motors
The investment comes after speculation that Saudi Arabia may take Lucid Motors private — which the EV maker has denied.
Lucid Motors denies report it’s considering bankruptcy
The company said the “rumors are completely false” after its stock sank more than 50% on a report that it was weighing the option.
Lucid Motors’ CFO is out as its new CEO continues leadership shakeup
The company announced a new slate of executive hires meant to help turn things around, as Gravity SUV sales are not taking off as expected.
Lucid Motors’ new CEO cuts 18% of staff to ‘simplify the company’
The company is also eliminating a production shift at its Arizona factory to align “production plans with anticipated demand.”
TechCrunch Mobility: SpaceX rockets past Tesla
Welcome back to TechCrunch Mobility, your hub for the future of transportation and now, more than ever, how AI is playing a part.
Lucid Motors doesn’t know how many EVs it will build this year
Lucid Motors pulled its guidance for the year, as it navigates swelling inventory and a companywide cost-cutting measure.
Uber taps Hertz to clean, charge, and fix its Lucid Motors robotaxis
Hertz is creating a new affiliate company called “Oro Mobility” to provide fleet management solutions “across a range of mobility segments.”
Lucid Motors names new CEO, lands more money from Uber and Saudis
The search for a new CEO, which lasted over a year following the sudden resignation of Peter Rawlinson, is finally over.